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Multiple Choice Questions For CH
Multiple Choice Questions For CH
DEPRECIATION
MC
QS
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
(15)
(16)
(17)
(18)
(19)
(20)
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(22)
(23)
(24)
loss (T)
(d)
A liability
The books value of an asset is obtained by deducting
depreciation from its:
(a)
Market value
(b)
Scrap value(c)
Market + Cost price
(d)
Cost (T)
Depreciation fund method is also known as:
(a)
Sinking fund method (T)
(b)
Annuity method
(c)
Sum of years digits method
(d)
None of these
The method is specially suited to natural resources (mines,
quarries, sand, pits etc.) is said to be:
(a)
Annuity method
(b)
Depletion
method (T)
(c)
Revaluation method
(d)
Sum of digits
method
Double declining method is often used in the:
(a)
Pakistan
(b)
South Africa(c)
Japan
(d)
U.S.A(T)
In the provision method of depreciation the asset always appears
at:
(a)
Cost price (T) (b)
Market Price(c)
Scrap Value
(d)
None